Buddy, from my observation Leon Devaney has achieved a lot for this company and has been the best and most qualified CEO we've had so far. Why?
- qualifications and experience; published bio below;
Leon Devaney| Managing Director & Chief Executive Officer | BSc MBA
Mr Leon Devaney has over 15 years of commercial and finance experience withinthe Australian oil and gas sector and holds an MBA and BSc (Finance) from theUniversity of Southern California, USA.
Leon joined Central Petroleum in 2012 as Chief Commercial Officer, making thetransition to CFO in November 2014. Leon was instrumental in negotiating theMereenie acquisition from Santos in 2015, as well as the Palm Valley and DingoGas Field acquisition from Magellan Petroleum in 2014.
Leon was appointed Chief Executive Officer, effective 21 February 2019, afterserving as Acting CEO since July 2018.
Prior to joining Central Petroleum, Leon worked at QGC and played a pivotalrole in its growth from a small cap gas exploration company into amulti-billion dollar takeover target by the BG Group in 2008. Leon continuedwith BG following the QGC takeover, where he served as General Manager, Gas andPower, responsible for the domestic gas and electricity portfolio.
Prior to QGC, Leon held senior roles at Deloitte in the Corporate FinanceAdvisory group where he was active in structuring and implementing commercialand financing transactions for major energy and infrastructure projectsthroughout Australia
Other points
- involved in CSG consulting since 2001 - grew with the CSG industry.
- orchestrated and completed all the deals during the Cottee era. Focusing on gas saved CTP's bacon for which Cottee has taken all the credit.
- his long term relationship with Incitec Pivot enabled the Range project to materialise. Range has added circa $150m in asset value to CTP.
- to date his quiet humble nature has done him an injustice in terms of profile. This is all changing
- his presentations are clear and succinct; delivery without the need of humour or Shakespeare quotes
- his focus appears to be Commercial first, technical next.
- appears to have enough technical knowledge to know what's going on. Can't be hoodwinked.
- he has put together a strong management team through professional relationships. Appears to be the best CTP has had.
- Answers all questions and does not shy away unless there's a legal restriction
I hope that answers your question
Denny Crane
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